Investing in real estate can be a rewarding venture, and this property in Suwannee Valley Estates presents a compelling opportunity. With a solid cash flow and a favorable cap rate, it offers the potential for steady returns. However, investors should also consider the modest cash on cash return and the implications of the local market dynamics. Overall, this property strikes a balance between comfort and investment potential, making it an attractive option for both new and seasoned investors.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 166 NW Austin Way, Lake City, FL 32055 |
| Property Type | Single Family |
| Price | $285,500 |
| Price Change | $0 |
| Tax Assessed Value | $184,267 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 3.0 |
| Bathrooms | 2.0 |
| Living Area | 1,532.0 |
| Lot Area | 0.275 |
| Lot Area Unit | ACRES |
| Year Built | 2007 |
In conclusion, this property offers a unique blend of comfort and investment potential. The strong cap rate and solid monthly rent make it an appealing choice for investors looking for reliable cash flow. However, the lower cash on cash return and modest monthly cash flow may deter some investors seeking higher immediate returns. It's essential to consider the local market dynamics and potential risks before making a decision. Overall, this property could be a valuable addition to your real estate portfolio, especially for those prioritizing long-term stability over short-term gains. Don't miss the chance to explore this opportunity further!
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 2.9% |
| Monthly Rent | $1,808 |
| Net Operating Income | $1,722 |
| Cap Rate | 7.2% |
| Monthly Cash Flow | $138 |
| Gross Rent Multiplier | 13.2 |
| Debt Service Coverage Ratio | 1.2 |
| Principal and Interest | $1,439 |
| Tax | $145 |
| HOA Fees | $0 |
| Insurance | $86 |
| Total Payment | $1,670 |